It's going towards revamping its buildings and facilities.
Part of the money will be used to build a balcony in the main auditorium to increase its capacity and there'll also be improvements to its bar area.
Part of the Phoenix will also be converted into a new digital cinema and screening space.
Government will fund Cullompton railway station
On/off plans are on again
Tiverton MP miffed over 'nothing for Devon' spending review
Rachel Gilmour says government fails the county
Man charged with trying to rob post office
He's also accused of having imitation firearm
Fire crews tackle Co-op blaze
The shop will remain closed for some time
Are you being 'key-stroke tracked?'
Snooping technology leads to cops being sacked - could you be next?
Hope for Northrbrook swimming pool campaigners
They're holding their breath
